There are no intentional backdoors and the source code is open source to back that claim. The previous version of AxCrypt has never had a security issue since released over 15 years ago.

The only recourse for breaking the encryption is brute force, and AxCrypt has some specific features implemented to make that as hard as possible. With a good and strong password, brute forcing AxCrypt is infeasible, even for an organization with immense financial and technical resources.